I’ve recently became a member of HDFC LIFE PROGROWTH PLUS plan. The person from my savings holding bank told me about this plan. He asked me to invest 25000/- per year for 10 years, you will get good earn after 10 yrs. I said I wouldn’t like to go for 10 years instead I invest for 5 years. He said if you invest for 25000/- for 5 years you will get more than 3LACS. Is it worth to invest in this plan?
Below snapshot taken from money control website.
Let us consider that this is my 5th year and invested 25000/- for this year. So total investment is 125000/-. Here will I get Absolute(%) or annualised(%)?
For absolute(%) Total amount=(125000*142.6)/100+125000=303250/-
For annualised(%) Total amount=(125000*19.4)/100+125000=149250/-
Which one I get? Absolute(%) or annualised(%)?